Merrill Lynch: US, Western World No Longer Call Shots for Rest of World

Money News | July 10, 2012

By Michael Kling

Merrill Lynch is urging investors to embrace a fundamental shift in their investing strategy as U.S. and Western economic domination crumbles.

The company is pressing its clients to revamp their investing strategy — even their basic beliefs about how to choose investments — in the face of world geopolitical change, according to The Financial Times.

“Geopolitical instability is the new status quo,” states Merrill Lynch executive Lisa Shalett, in a company statement.